Meanwhile, in Asia, ASX 200, Nikkei, Kospi, and Hang Seng were up in the range of 0.9 per cent to 1.27 per cent. Shanghai Composite was flat as investors await key economic data out of China, including November house prices, industrial output, and retail sales data. ( read original story ...)
An end to interest rate hikes? What to expect from today’s Fed meeting
The Federal Reserve is expected to leave interest rates unchanged Wednesday for the third time, signaling its aggressive string of hikes may be over. ( read original story ...)
Beijing & Shanghai Lower Down Payments For First-Time Home Buyers
After the market close, both Beijing and Shanghai reduced their down payment ratios for first ... The Hong Kong Tracker ETF saw its largest net outflow via Southbound Stock Connect since September 11th as Mainland investors sold a net HKD 6.7 billion ... ( read original story ...)
European shares rally after dovish Fed; ECB in focus
European shares jumped on Thursday, buoyed by gains in real estate and declining euro zone bond yields as investors cheered the Federal Reserve's indication of lower borrowing costs in 2024 and awaited the ECB's decision. ( read original story ...)
Beijing, Shanghai loosen home buying restrictions to aid housing market
BEIJING: Beijing and Shanghai relaxed home purchase restrictions on Thursday (Dec 14), including by lowering the minimum deposit ratio for first and second homes, suggesting renewed efforts by Chinese ... ( read original story ...)
China’s central bank set to boost liquidity injection but keep key rate unchanged
China's central bank is expected to ramp up liquidity injections while leaving the key interest rate unchanged when it rolls over maturing medium-term policy loans on Friday, a Reuters survey showed. ( read original story ...)
China’s economy is forecast to slow sharply in 2024, the World Bank says, calling recovery ‘fragile’
The World Bank is forecasting that China's economy will slow next year, with annual growth falling to 4.5% from 5.2% this year. ( read original story ...)